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– TIMESTAMPS –
0:00 Intro
1:30 What are crypto lending platforms?
4:48 Blockfi
10:08 Nexo
13:24 Crypto .com
13:57 Celsius
17:27 Aave
20:39 Closing Ideas
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💸 Attempt A Crypto Lending Platform 💸
► Blockfi:
► Nexo:
► Crypto.com:
► Celsius:
► Aave:
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📝 Overview 📝
Need to earn passive revenue or do you want money however don’t wish to promote your crypto? Properly, there’s a technique to do all that through the use of a crypto lending platform.
On this video, I’ll inform you the whole lot you could find out about them and assist select the suitable platform for you!
❓ What Are Crypto Lending Platforms ❓
These platforms present two key companies:
► They will let you provide crypto to earn curiosity.
► To deposit crypto to get immediate loans.
However how do these loans work? In a nutshell, you provide up crypto as collateral and get a proportion of that collateral in both fiat or stablecoins. If the worth of crypto strikes towards you, in fiat phrases, then your crypto might get offered to cowl the excellent mortgage.
There aren’t any credit score checks in any respect and they’re normally immediately permitted. One other key motive individuals go for such a lending is to get money to spend in the actual world at the moment, while retaining possession of their crypto.
5️⃣ Blockfi 5️⃣
This lending platform operates out of NY city and was based in 2017.
You may get charges as excessive a 6% for supplying Bitcoin and eight.6% for stablecoins.
Safety can be a precedence right here and the platform is about as safe because the Gemini trade – that’s as a result of Gemini is its major custodian. I do have to inform you that Blockfi just lately did fall prey to a SIM-swap hack assault and a few confidential info was leaked because of this.
If you wish to get a crypto mortgage, you are able to do simply that at Blockfi by offering BTC, ETH or LTC as collateral. The usual loan-to-value ratio right here is 50% and the minimal mortgage quantity is a whopping $10,000.
4️⃣ Nexo 4️⃣
Nexo is definitely an offshoot of an organization referred to as Credissimo which has been in motion since 2007. Since 2018, Nexo has processed over $1.5 billion for over 550k customers. Which means this can be a rattling fashionable crypto lending platform.
Rates of interest are as excessive as 8% for belongings like Ether, USDC, Paxos, TrueUSD, Dai, Euros and GBP. On prime of that killer fee, you will get a further fee bump to 10% in the event you maintain sufficient Nexo tokens in your pockets.
When it comes to safety, funds are insured for as much as $100 million by way of Bitgo. Nonetheless, you will need to do not forget that the platform is centralized and wishes KYC.
For these eager to get a mortgage, you are able to do simply that for quantities between $500 and $2 million and also you’ll pay round 5.9% APR to make that occur.
3️⃣ Crypto.com 3️⃣
I’ve already gone over Crypto.com in one other video so I like to recommend you test that out!
2️⃣ Celsius 2️⃣
These guys have been in enterprise since 2017 and boast over 133,000 customers with over $850 million in belongings. The platform has additionally facilitated over $8 billion in mortgage originations.
Rates of interest listed below are as excessive as 11.9% in the event you settle for curiosity fee in CEL token and curiosity may be earned in a plethora of various forex stablecoins.
As a centralized platform, Celsius has all the safety shortcomings of the opposite platforms talked about on this video. That being stated, person funds are insured for as much as $100 million by way of Bitgo once more and Celsius has dedicated to utilizing its personal stability sheet.
There aren’t any minimal deposit quantities on this platform. That makes it good for anybody dipping their toes into the crypto lending waters.
If you wish to get a crypto mortgage, there may be a whole lot of flexibility with regards to LTV, collateral sorts and mortgage phrases. Oh sure, the minimal mortgage is barely $1,000.
1️⃣ Aave 1️⃣
Watch the video to seek out out why I’ve made Aave my primary choose!
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📜 Disclaimer 📜
The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who will not be a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable danger of loss. The speaker doesn’t assure any specific end result.
#Bitcoin #Lending #crypto #defi #btc #nexo #blockfi #celsius #aave
Source: Coin Bureau
30 Responses
💯There are NO truly DECENTRALIZED finance institutions, this is just a term that is tagged onto all these “alt coins” and crypto financial firms to lure crypto noobs in. Do some real research and you’ll see how CENTRALIZED all these platforms are. ✔️
I’m sad those interest rates arent available now😭
Any one knows how to open Corp account in Binance?
Get a loan secured by your crypto assets!
The best thing about crypto loan is that you don’t need a credit history, or a bank account or a FICO score to get it.
All you have to do is log into Crypterium Web, get approved in as little as 30 seconds, and enjoy spending your USDT with a 1% APR😉
Have you checked out Youhodler? 12.3% Apr interest on usdt and 12% on usdc.
Thank you very much for the in-dept comparison. Could you please do a review on Midas.Investment and/or mycointainer?
I made $7000 from intellectwebscom their service are legit and reliable
@CoinBureau Could you do an update on this video?
I have Been following your moves and it's all great, B!tcoin is getting interesting every day by day. Alt, Xrp, Dogecoin, Safemoon Link are still lucrative in the market. In this case, the Majority are finding it difficult on which coin to HODL better. Right now bitcoin it's in the greatest shape and we are all expecting more of it, I'm currently a HODler but still, I'm using a working system that provides me 80% correct signal which helps me increases my portfolio, now I have less bother about the speculation of the market. I'm still winning by applying the same method in every trad e, you can also become a winner today, I think crypto is going to get more importance and acknowledgment in the future. BTC is the future doesn’t mean we should just hold and not think of the negative effect it would put on you when it goes low than the entry price. I advise that we all follow a less talked about way, which is trad!ng. I have been able to generate 9.2b tc with my initial 4.5btc. Y'all in search of a profitable system can reach out to Mr Felix on lG ( Felixtrades0 )
@guy I’m trying to understand the point of borrowing on a DEFI platform if your LTV of your collateral is only 50/60%? In addition to this you will need 100% collateral before you qualify to take out a “loan”. Currently CEFI is offering better terms. ( Using Nexo platform as an example)
These are all SCAMS!!!
Lending block(LND)❤️
Guy I really love your content
Would you want to be a financial advisor?
betting a house on it seems like a good idea..jk
I choose Celsius for a couple reasons; they have more coins at higher rates. All in all I'm yielding $500 a month in passive income! That's soon to go up as currently we are down about 50%. Potentially, when the market is back up, I could be yielding $1000 a month. Passive income is the best!
I am so thankful to thechinahacks for the help .Thanks to em i paid my debts .
Thanks guy.
Please do an updated video
Blockfi rates have gone down and the lowest loan they offered me was 100k
thank you, guy you are the best crypto guy
Thanks Guy – but the crypto gas rates on Ethereum are absolutely INSANE. I paid €800 for a proxy fee to Maker Dao with no prompt – it had gone through before I realised. Then only to be told I could only mine 5000 DAI minimum. This is nuts and not worth it. The 3.5% lending rate is an illusion. I cannot see how this is worthwhile unless your a bank!
suppose the price of a coin increase by x % , will the same increase reflect on my Nexo deposit ? . Please clarify
Heard Axisoption wallet is the highest paying and most secure bitcoin interests wallet. How true is this?
Heard of Axisoption wallet? It’s just like nexo but better and more secure. I’ve been tempted I have 0.529 BTC on AxisOption wallet and can confirm that I have withdrawn and redeposited and then withdrawn without issue and yes get the 10%. The biggest risk is a failure of the axisoption management (or a hack) IMHO as like an exchange they hold access to your wallet.
Thank you for the referral code for Celsius!
Got a video about TUSD stablecoin? I love your videos and ethics Guy, will buy your gear when it's on clearance. 😅😅 keep up the A+ work.
Guy, you are so naughty
Hi- awesome video but I have to take issue with your characterization of Celsius w/regard to where they offer loans. I've staked BTC on their platform for about 3 mons now but extremely frustrated with their lack of transparency with regard to where the can lend. I have resident in both the UK and USA and they've told me they do not lend to the UK (they use a non-interest bearing vehicle that's essentially a leade back of 100% of your coin), they've also told me they don't lend in California, New York nor Nevada. They have not and will not post a list of the countries where they do loan- where do you get that one for this video because its misleading. If one wants to find out where the do lend, you have to write to a special email address. I've challenged them on it before and they give criptic answers like, "It is not suspicious. It is due to regulatory reasons as we want to make sure it is not considered as solicitation."
So they're not as transparent as it seems to be they should be.
A user on rddit comments about Celsius, "
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